Kexim breaks through ‘psychological barrier’
Korean policy banks have long been assured of a warm welcome in the dollar market from investors eager for quality, but the market has had one flaw: it has offered little in the way of short maturities. Export-Import Bank of Korea (Kexim) turned that tradition on its head this week, pricing a $1bn three year deal that it hopes will usher in more short-term deals from its peers.
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